Follow our FREE Forex Analysis and Forex News

Forex - EUR/USD, USD/JPY Flows: Japan's SoftBank Group Corp has agreed to buy Fortress Investment Group LLC for about $3.3 billion in cash

02:33 (GMT) 15 Feb

[Forex Flows]

Reuters: Japan's SoftBank Group Corp has agreed to buy Fortress Investment Group LLC, a private-equity firm and asset manager, for about $3.3 billion in cash - a surprise move for a group that has to date focused on telecoms and technology. Led by charismatic founder Masayashi Son, SoftBank has made unpredictable moves in the past, not least its decision last October to set up a $100 billion technology investment fund with Saudi Arabia. A New York-listed asset manager, Fortress's investments span real estate, hedge funds and private equity. It had $70 billion in investments under management at the end of September 2016.

EURUSD might have traded below 1.0590, but stiff support was found at slightly lower levels of 1.0560, despite several attempts below. Another test appears to be in the offing, though we doubt that the Asia traders have the necessary will and means to bring prices lower. A firm break to sub 1.0550 levels would likely only be seen on the entry of Europe. Thicker bids are seen at 1.0500 = 10 levels.

This is just a sample report that would be received as part of our Flows package (see below).

Flows

Strategists are constantly in contact with dealers in the market. Their commentary essentially provides a finger on the pulse of market activity.
Written throughout the 24hr day, these comments provide a clear view of current positioning and thinking in the FX market.

EUR/USD (average 97 reports per week)

US $3.00

USD/JPY (average 87 reports per week)

US $3.00

Per Currency Pair/Per Week*

Active Trader

The "Active Trader" service has been designed to encapsulate all the analysis relevant to a specific currency pair. It includes: chart analysis, market flows, economic commentary, a daily strategy, central bank views, news, market highlights, a full data and events calendar as well as in-depth research on key issues.